Port has back­ing to re­de­velop Tivoli

Irish Examiner - County - - Front Page - Sean O’Rior­dan

The Port of Cork has con­firmed it has the back­ing of the Ire­land Strate­gic In­vest­ment Fund (ISIF) for the multi-mil­lion euro re­de­vel­op­ment of Tivoli dock­lands for new houses, of­fices and shop­ping cen­tres.

It’s ex­pected that all con­tainer traf­fic will be re­lo­cated from Tivoli to the new €80m deep wa­ter quays in Rin­gask­iddy by 2020, which will open the way for a planned ma­jor re­de­vel­op­ment at Tivoli.

The Port of Cork en­listed the Royal In­sti­tute of Ar­chi­tects in Ire­land to draw up plans for its land­bank there. Pro­pos­als in­clude build­ing 4,000 hous­ing units, of­fice blocks, shops and a rail­way sta­tion.

The port’s chief ex­ec­u­tive Bren­dan Keat­ing said a ‘mem­o­ran­dum of un­der­stand­ing’ had just been signed by his com­pany and ISIF, which will as­sist them work­ing through their mas­ter­plan for the re­de­vel­op­ment of the 180-acre Tivoli site. “They are part­ners with us on the Rin­gask­iddy re­de­vel­op­ment and we have built up a very good work­ing re­la­tion­ship with them,” the port chief ex­ec­u­tive said.

Mr Keat­ing said it is un­likely any ma­jor re­de­vel­op­ment of Tivoli docks will oc­cur un­til at least 2025 and it could take up to seven years to com­plete.

He said his com­pany will present its mas­ter­plan to Cork City Coun­cil and the lo­cal author­ity may then in­clude it in Lo­cal Area Plans — blue­prints for fu­ture de­vel­op­ment in the area. “We’re hop­ing the project will be of value to the ex­pand­ing pop­u­la­tion of Cork City. Peo­ple will need hous­ing,” he said.

The site is an ideal lo­ca­tion be­cause of its prox­im­ity to the city cen­tre, as well as the Cork-Mi­dle­ton and Cork/ Cobh rail­way line run­ning through it. A re­de­vel­oped Tivoli, he said, would also pro­vide easy ac­cess for work­ers liv­ing in the city and in some towns and vil­lages on its east­ern out­skirts.

Mr Keat­ing said road ac­cess from the east­ern and western sides will have to be im­proved prior to re­de­vel­op­ment. “It’s our am­bi­tion now that af­ter 2025 the port will dis­pose of some of its eq­uity in the site and use it for rein­vest­ment in port in­fra­struc­ture,” he said.

Talks with its ten­ants in Tivoli on re­lo­cat­ing busi­nesses are also con­tin­u­ing.

Mean­while, Mr Keat­ing said the Port of Cork is now anx­ious to fur­ther progress de­vel­op­ment at the for­mer IFI (Ir­ish Fer­tiliser In­dus­tries) site at Marino Point, Cobh.

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.